SOLDMultiFamily
Capstone Companies Facilitates $2.56M Sale Of Creekside Apartments In Grand Junction
515 28 Road
$2,560,000
Units
24
Asset Type
MultiFamily
Closing
May 24, 2024
AI
The Creekside Apartments in Grand Junction, Colorado, consisting of 24 units, were sold for $2,560,000. The property is located at 515 28 ½ Road in the Grand Junction market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,560,000
- Units: 24
- Price Per Unit: $106,667
- Brokers: Austin Smith & Benton Adams - Capstone Companies
Capstone Companies played a key role in facilitating the sale of the Creekside Apartments. Their brokers, Austin Smith and Benton Adams, were instrumental in completing the transaction.
Players
Grand Junction MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.20%
Cash-on-Cash
-1.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93